CT CLSA forecasts galloping inflation to ease towards 8% in a year from now

CT CLSA Securities projects the headline inflation in Sri Lanka to come down to 8 percent levels in a year from now, offering what could be one of the biggest reliefs people and businesses could expect in the coming year.
In a recent report released by the Colombo-based stock broking firm analysing how the different macro-economic factors would evolve in the economy through 2023, it projected the consumer price increase to return to 8 percent a year from now from its current red-hot levels.
CT CLSA believes that easing global inflation would alleviate part of the price pressure being felt by the Sri Lankans while the recent downward price revisions in energy and food prices could also feed through.  
The broking house also believes, “The full benefit of the decline in global oil prices likely to be passed on to consumers in 2023E once the ongoing CPC reforms conclude”.